Carillon Tower Advisers: “PJT is Experiencing Strong Growth”

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Small Cap Growth Fund” second quarter 2022 investor letter – a copy of which can be downloaded here. Small-cap stocks overall posted rather disappointing returns in the second quarter of 2022. In what has become a common theme, the Russell 2000® Growth Index (down 19.26%) significantly lagged its Russell 2000® Value Index (down 15.28%) counterpart and has now trailed in seven consecutive quarters Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.

In its Q2 2022 investor letter, Carillon Eagle Small Cap Growth Fund mentioned PJT Partners Inc. (NYSE:PJT) and explained its insights for the company. Founded in 2015, PJT Partners Inc. (NYSE:PJT) is a United States-based investment banking company with a $2.6 billion market capitalization. PJT Partners Inc. (NYSE:PJT) delivered a -9.81% return since the beginning of the year, while its 12-month returns are down by -15.25%. The stock closed at $66.82 per share on September 30, 2022.

Here is what Carillon Eagle Small Cap Growth Fund has to say about PJT Partners Inc. (NYSE:PJT) in its Q2 2022 investor letter:

“PJT Partners is a global advisory-focused boutique investment bank. The firm reported earnings well ahead of consensus estimates, which sent the shares higher. PJT is experiencing strong growth in its mergers and acquisition business, driven in part due to successful new hiring. Additionally, the company is beginning to see signs of a pickup in its restructuring business, which led management to give a constructive forward outlook.”

Our calculations show that PJT Partners Inc. (NYSE:PJT) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. PJT Partners Inc. (NYSE:PJT) was in 18 hedge fund portfolios at the end of the second quarter of 2022, compared to 19 funds in the previous quarter. PJT Partners Inc. (NYSE:PJT) delivered a -4.52% return in the past 3 months.

In July 2022, we also shared another hedge fund’s views on PJT Partners Inc. (NYSE:PJT) in These 10 Stocks are Gaining After Announcing Share Buybacks. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q2 page.

Disclosure: None. This article is originally published at Insider Monkey.